Markets Brace for China's Stimulus Decision Amid Global Economic Shifts

Investors await China's fiscal policy announcement as global markets react to inflation data and geopolitical tensions.

Asian markets showed mixed results, with Chinese stocks declining due to anticipation of a key fiscal stimulus announcement this weekend.
The Bank of Korea cut its benchmark interest rate for the first time since 2020, aiming to stimulate economic growth after a GDP contraction.
U.S. inflation data came in slightly higher than expected, affecting expectations for Federal Reserve interest rate cuts in November.
Cryptocurrencies experienced volatility, with Bitcoin and Ethereum showing mixed performance amid inflation concerns.
Geopolitical tensions rise as Israel considers its response to an Iranian missile attack, potentially impacting global financial markets.